What you'll learn 👉
TLDR
- Ethereum (ETH) dipped by 16% over the past month.
- Solana (SOL) posted 16% gains on the weekly chart.
- Algorand (ALGO) is one of the top-performing tokens this week, appreciating 30%.
- Milei Moneda ($MEDA) maintains its position as the best cryptocurrency to invest in.
Ethereum (ETH) is the second largest cryptocurrency by market cap, but it has seen a negative price action, with the spot ether ETF likely to fail. So, it isn’t surprising that investors are showing a preference for Solana (SOL), Algorand (ALGO), and Milei Moneda ($MEDA), which is set to offer the best returns possible. Read on to learn more!
Economize Like Milei: Invest in $MEDA!
ETH Investors Move Funds Away as Spot Ether ETF Approval Likely to Fail
Ethereum is currently experiencing a downward trajectory, losing 16% of its value in a month. Though ETH has recovered on the weekly chart with an 8% increase, investors expect more from the coin due to its reputation as the top crypto to buy.
This setback in Ethereum price can be linked to the US SEC’s potential approval of the spot Ether SEC. Following a few meetings with the securities regulator, issuers of spot Ether ETF and other firms now expect their applications to be denied.
Those familiar with the situation believe that the SEC isn’t interested in the spot Ether ETF or its potential. This has led to a setback for ETH as participants believe spot ETFs would pave the way for the increased adoption of the crypto.
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Show more +Solana Poised to Experience Price Surge, Say Market Experts
The general downturn of the crypto market affected Solana’s price on the monthly chart, causing it to lose 27% of its value. However, Solana has proved to be one of the best cryptos to invest in, posting 16% gains over the past week.
Over the past 30 days, SOL has also seen 16/30 green days with a price volatility of 12%. Furthermore, SOL’s price currently stands in a positive position, with indicators signaling ongoing growth.
Therefore, crypto analysts and investors have taken a bullish stance on Solana’s current market position, expecting SOL to bounce back strongly, make more gains, and witness a considerable price surge in the coming months.
Algorand Emerges as One of the Top Gainers for the Week
Algorand is one of the top-performing tokens this week. According to CoinMarketCap data, ALGO’s price has appreciated 30% over the past seven days, outshining the weekly performance of top crypto coins like Bitcoin and Ethereum.
This year, Algorand followed a price trajectory similar to many other projects. A rally in late February and early March saw Algorand hit $0.329 before experiencing a sharp correction.
This price action has led more investors to turn their attention to Algorand to recover some of their losses. Meanwhile, experts are optimistic about its future price trajectory due to its recent price action.
Milei Moneda Remains the Best Choice For Investors
Milei Moneda has captured the spotlight in the meme coin market, having successfully completed the first presale stage and is now well into its second stage having sold more than 65 million tokens. As a deflationary token, Milei Moneda promises scalability and security while offering significant potential for gains.
Milei Moneda boasts a vibrant community of loyal members who share common goals, and as such, it is regarded as one of the best crypto for beginners.
Being among the best meme coins to invest in, Milei Moneda allows its holders to enjoy many benefits. For instance, they can earn NFT stakes as rewards and also gain access to certain discounts. Considering the benefits $MEDA offers investors, this token is set to experience buying pressure.
Furthermore, Milei Moneda ensures fairness in its distribution model by allocating 15% of its resources to liquidity, 5% to burns, 60% to the public, 15% to marketing & rewards, and 5% to airdrop.
$MEDA is currently in Stage 2 of its presale, and the token price is $0.0125. The current presale stage presents the opportunity for investors who purchase $MEDA in this stage to get 60% returns when $MEDA launches on Uniswap on May 21, 2024, at $0.020.
Got $MEDA curiosity? Visit us or chat on Telegram for the inside scoop. Fast, fun, and informative!
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